Russia's Gazprom Chief Predicts $100 Barrel Oil. Price Manipulation Feared.

Raymond Learsy Via HUFFINGTONPOST/
Oil is now almost $69 bbl. Why? Raymond Learsy writes about oil price manipulation.
"In July, Phillip Verleger, a business professor at the University of Calgary and a fellow at the Peterson Institute for International Economics, predicting $20/bbl oil to come, told CNBC:
"The $20 story is relatively simple... Oil was $31 in December, got up to $70 a few days ago. The price shouldn't have increased. We have a huge surplus on the world market even with the OPEC cuts. It's running a million and a half barrels a day. I've been following this since 1971. We have never had a stretch with such a large surplus."

IEA Continues Its Shill For OPEC And Oil Speculators.

HUFFINGTON POST.COM.

The IEA is a group of 28 nations committed to meet oil supply emergencies, insure energy security and maintain emergency oil stocks.

But its chief economist Fatih Birol continues to issue "chicken-little" statements about "peak oil," echoing Matt "$500/bbl oil" Simmons, despite a world currently awash in crude.

Banks In The Oil Trading Business.

From the Huffington Post

A $100 Million dollar payoff to a Citigroup oil trader has many angry about banks and oil speculation.

US Nuclear Protection...For The Oil Gougers?

By Raymond J. Learsy from The Huffington Post.

WTF! Oil Price Has DOUBLED...Under Obama.

The price of oil has doubled since Obama took office...from about $33 per bbl to over $72 per bbl.
Not because of fundamentals...but rather because of investor sentiment.

OPEC's manipulation is making the world's economic recovery...increasingly untenable.

What is Obama doing about it?

http://www.huffingtonpost.com/raymond-j-learsy/the-price-of-oil-has-doub_b_214143.html